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Trump Media & Technology Group Corp. Stock Forecast

$49.26
+1.59 (+3.34%)
At Close: May 08, 2024
RSI low/high Values: [ 15 - 85 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of DJT
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Green day on Wednesday for Trump Media & Technology Group Corp.
(Updated on May 08, 2024)

Buy or Hold candidate since Apr 26, 2024 Gain 18.58% PDF

The Trump Media & Technology Group Corp. stock price gained 3.34% on the last trading day (Wednesday, 8th May 2024), rising from $47.67 to $49.26. During the last trading day the stock fluctuated 6.80% from a day low at $47.05 to a day high of $50.25. The price has risen in 7 of the last 10 days and is up by 38.1% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 867 thousand more shares were traded than the day before. In total, 4 million shares were bought and sold for approximately $193.27 million.

The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -5.57% during the next 3 months and, with a 90% probability hold a price between $19.96 and $59.62 at the end of this 3-month period.

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DJT Signals & Forecast

The Trump Media & Technology Group Corp. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $48.25 and $42.35. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Tuesday, April 30, 2024, and so far it has fallen -1.34%. Further fall is indicated until a new bottom pivot has been found.

Support, Risk & Stop-loss for Trump Media & Technology Group Corp. stock

Trump Media & Technology Group Corp. finds support from accumulated volume at $48.66 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved $3.20 between high and low, or 6.80%. For the last week, the stock has had daily average volatility of 8.42%.

Our recommended stop-loss: $47.31 (-3.96%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 6 days ago.)

Trading Expectations (DJT) For The Upcoming Trading Day Of Thursday 9th

For the upcoming trading day on Thursday, 9th we expect Trump Media & Technology Group Corp. to open at $48.85, and during the day (based on 14 day Average True Range), to move between $43.19 and $55.33, which gives a possible trading interval of +/-$6.07 (+/-12.31%) up or down from last closing price. If Trump Media & Technology Group Corp. takes out the full calculated possible swing range there will be an estimated 24.63% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $48.66 (1.22%) than the resistance at $49.95 (1.40%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Trump Media & Technology Group Corp. stock A Buy?

Trump Media & Technology Group Corp. holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

Current score: -0.667 Hold/Accumulate Unchanged

Predicted Opening Price for Trump Media & Technology Group Corp. of Thursday, May 9, 2024

Fair opening price May 9, 2024 Current price
$48.85 ( 0.83%) $49.26

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for DJT

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 52.05 5.67 %
R2 50.83 3.19 %
R1 50.08 1.66 %
Current price: 49.26
Support S1 47.63 -3.31 %
S2 46.88 -4.84 %
S3 45.65 -7.32 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 57.99 17.72 %
R2 51.60 4.75 %
R1 49.95 1.40 %
Current price 49.26
Support S1 48.66 -1.22%
S2 46.69 -5.22%
S3 45.13 -8.38%

FAQ

What is the symbol for Trump Media & Technology Group Corp. Stock and on which exchange is it traded?
The symbol for Trump Media & Technology Group Corp. is DJT and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Trump Media & Technology Group Corp. Stock?
Trump Media & Technology Group Corp. holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

How to buy Trump Media & Technology Group Corp. Stock?
Trump Media & Technology Group Corp. Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Trump Media & Technology Group Corp. Stock.

What's the current price of Trump Media & Technology Group Corp. Stock?
As of the end of day on the May 08, 2024, the price of an Trump Media & Technology Group Corp. (DJT) share was $49.26.

What is the 52-week high and low for Trump Media & Technology Group Corp. Stock?
The 52-week high for Trump Media & Technology Group Corp. Stock is $423.00 and the 52-week low is $257.00.

What is the market capitalization of Trump Media & Technology Group Corp. Stock?
As of the May 08, 2024, the market capitalization of Trump Media & Technology Group Corp. is 6.517B.
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